Fed rate cuts imminent- No recession?

In an unusual move Bernanke bowed down and admitted Feds have to cut rates. The markets digested this with some skepticism. Saying rates will be cut and actually cutting them are two different things. But its sure helicopter Ben is ready to throw the towel after being behind the curve for a long time.

One thing is certain, after all there won't be another recession in 2008. It must be very disappointing to GOLDMAN SACHS and short traders. With a Fed standing down and lowering rates there is no chance of having a recession whatsoever.

Wait a little while ans see how the markets digest all of this. Since we are pretty oversold, you would think the Dow would be up 500 points on news like this, but it's not. What is that telling you?

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Its not an actual rate cut, but a balloon floated by Bernanke to calm down stupid ass idiots into selling away for losses.

The markets will zoom higher once the rate cut is in. I fought hard in another thread arguing why a recession is not a possibility and its a scarecrow thrown at retail investors by institutional investors.

problem is the problem is too big not to do anything and
too big to do anything useful. fight inflation, save the
consumer, the financial sector and secure the US from
being completely bought be china is ... not possible. plus
it is election year. bernanke has the job you really really
don't want to have.

i guess the fed will try with all their might and fail this
time to bail out the economy. but we are not at the
bottom yet, it ain't time for distressed investing. you
do that when blood is all over the street and not when
rumour of future blood is all around ...
these days i'd look for relative value trades. short consumer
tech against long big financials with the idea that big
financials got hammered already and consumer tech
can't lean against the stampede for long.